Indian market has been in the higher trajectory ever since Moody upgraded its rating on India.

The best thing investor can do is to rebalance the portfolio with cash and wait for the opportunities to come. One thing is sure market cannot go unilaterally. There should be a correction a sharp one which could be used to buy quality stocks.

Interestingly, Titan had posted a very good result which has given impetus to the stock to jump from Rs 600 to 830 in short span of time. The way in which it moves indicates that it could move much higher in the days to come but entering now is a suicidal move. During the closing bells the stocks moved up sharply as though it has hit the line of least resistance. In fact, ACE had hit line of least resistance when it crossed Rs 87 and now it has closed above Rs 150 in less than one month. Titan too had crossed the line of least resistance when it crossed Rs 500 and it has gone above 800 in a jiffy. Now , time alone will tell us when it would race past 1000

Market is not offering any value and investors should now selectively pick stocks as and when market sinks. In the current scenario the best option is to snooze happily for some time or take pilgrimage to Sabarimala. Incidentally this is the Aiyappa Session and chanting Swamiye saranam Aiyappa would strengthen the inner peace.

Traders should take care of their positions as the F&O session for November is soon going to expire.